Finance Analyst at Save the Children Nigeria

Save the Children is the leading independent organization for children in need, with programs in over 120 countries. We save children’s lives. We fight for their rights. We help them fulfil their potential. Save the Children is working in Nigeria because one in five children in Nigeria dies before their fifth birthday. About 40% of children miss out on school and have to work to survive while nearly 2 million children have lost one or both parents to an AIDS-related disease.

We are recruiting to fill the position below:

Job Title: Finance Analyst

Job Identification: 3312
Location: Abuja
Job Schedule: Full-time
Category: Finance
Grade: 3 (National)
Contract Length: Open Ended

Role Purpose

• This is a Finance Analyst position which is within the Country Office finance department.
• The post holder will be responsible for assisting in providing timely and accurate financial data/information for decision-making, reviewing and developing of budgets for active awards, phasing of budgets and forecasting, preparing and reviewing budgets and donor financial reports for accuracy, reviewing and posting of financial transactions, reviewing monthly financial performance against budgets for selected Awards, support program team and budget holders, and other financial supports that may be delegated.
• This position will be responsible for providing financial support functions required in Country Office. Using strong interpersonal/communication skills and excellent analytical skills, the incumbent will develop and maintain positive relationships with colleagues/user departments and other business functions with a strong focus on customer service.
• In the event of a major humanitarian emergency, the role holder will be expected to work outside the normal role profile and be able to vary working hours accordingly.

Key Areas of Accountability

• Ensure that Save the Children minimum standards of Finance procedures and country policies are implemented and adhered to in area of responsibility, supporting relevant staff as required.
• Ensure that transactions within the specific area of responsibility meet Save the Children and donor regulations.
• The post holder is expected among other duties to manage the financials for projects/awards, assigned by the line manager or the Finance Director.
• Analyses financial performance by collecting, monitoring, and studying data and recommending possible actions.
• Provide management reporting that is timely, complete and accurate.
• Ensure complete, accurate and quality budget data exist for management decision-making.
• Ensuring transactions comply with Save the Children and specific donor requirements.

Budgeting and Award Management:

• Act as finance focal point providing oversight for designated award budgets in the country office.
• Ensure that all financial transactions included in the reports under the management of this role are in line with Save the Children and donor requirements.
• Support budget holders in preparation of annual budgets and budget monitoring reports.
• Prepare quality and timely donor financial reports that meets Save the Children and donor requirements.
• Support the Senior Finance Manager preparation of annual country master budget; provide costing inputs and ensure that all assigned awards budget are phased and the accurate/updated information for the awards are loaded/posted in the Save the Children financial management system.
• Recommends actions by analysing and interpreting data and making comparative analyses, studying proposed changes in methods/materials, and providing accurate/timely information to management.
• With respect to the assigned awards, improves financial status by analysing results; monitoring variances; identifying trends; recommending actions to management.
• Assists with monthly close process; reviewing transaction listing/making recharges before month end to ensure appropriate coding and correction within the month of transaction.
• Perform regular foreign exchange (FX) analysis on awards to assess the impact on budget performance, identify possible effects arising from foreign exchange and communicate same to budget holders and management.
• Maintain and update award budgets on Save the Children financial management system.
• Identifies financial status by comparing and analysing actual results with forecasts and budgets, Coordinate and attend monthly BVA meetings, monthly/quarterly Awards review sessions, and support monthly budget phasing; track agreed action points and recommendation to ensure corrections are done.
• Uploading SOF budgets into FMS and support Budget Holders to ensure that phasing and coding are accurate.
• Perform budget realignments, revision and rephrasing were required.
• Promptly respond and resolve queries on Donor financial reports from donor/member staff.

Reporting:

• Review monthly transaction listing with budget holders to ensure that cost charged to awards are valid and wrong codes are corrected.
• Prepare Donor Reports. 
• Support budget holders to ensure realistic forecast are submitted along with reports where applicable.

Financial Management:

• Reviewing and posting of financial transactions on Save the Children financial management system.
• Perform Balance Sheet analysis and review.
• Perform Partner financial capacity assessment prior to a sub-award being granted.
• Perform partner account reconciliations to ensure proper tracking of advances and retirements on sub-awards and seamless closing of sub-awards on closing SOFs.
• Ensure appropriate and complete setup of awards within 30 days of Fund Summary activation.
• Make the necessary adjustments and recharges requested by Budget Holders.
• Attend procurement meeting as member of the procurement committee and review relevant documents within the authorization limit of this position.
• Assist in preparing CAM estimates for budgets: Analyse actual CAM costs on current award.
• Attend Kick off meeting to support and advice on coding structure/s, Save the Children /Donor reporting.

Safeguarding:

• Provide technical support to the Safeguarding team develop their annual budgets.
• Support the safeguarding team track funding for safeguarding activities on awards and ensure compliance with SCI safeguarding policies while relating with all partners and stakeholders.

Behavour (Values in Practice)
Accountability:

• Holds self-accountable for making decisions, managing resources efficiently, achieving and role modelling Save the Children values.
• Holds the team and partners accountable to deliver on their responsibilities - giving them the freedom to deliver in the best way they see fit, providing the necessary development to improve performance and applying appropriate consequences when results are not achieved.

Ambition:

• Sets ambitious and challenging goals for themselves and their team, takes responsibility for their own personal development and encourages their team to do the same.
• Widely shares their personal vision for Save the Children, engages and motivates others.
• Future-orientated, thinks strategically and on a global scale.

Collaboration:

• Builds and maintains effective relationships, with their team, colleagues, Members and external partners and supporters.
• Values diversity, sees it as a source of competitive strength.
• Approachable, good listener, easy to talk to.

Creativity:

• Develops and encourages new and innovative solutions.
• Willing to take disciplined risks.

Integrity:

• Honest, encourages openness and transparency; demonstrates highest levels of integrity.

Qualifications and Experience
Essential:

• First Degree or its equivalent in Accounting / Finance.
• Professional qualification in accounting or significant progress towards qualification (ACCA, ICAN, ANAN, CFA, etc) added advantage.

Desirable:

• Knowledge of Agresso finance system or any other automated financial system.
• Good written & oral English proficiency.
• Excellent MS Office and power point presentation.

Experience and Skills
Essential:

• Experience of working in a multi-currency environment.
• Experience working with Agresso, SAP etc. 
• Knowledge of donor financial reporting & budgeting for institutional and private donors like USAID, FCDO, GAC, ECHO, EU, UN Agencies.
• Ability to work quickly and accurately and pay attention to detail especially under pressure.
• Excellent MS Excel and analytical skills, ability to work with large amounts of data.
• Good organisation and administration skills.
• Excellent communication skills.
• Ability to plan and prioritise own work to meet deadlines.
• An energetic, flexible and proactive approach with the ability to work both independently and co-operatively within a team setting and maintain good working relationships.
• A proactive approach to resolving any issues that may arise, by assessing their impact and identifying those that need to be escalated.
• Commitment to Save the Children values.

Desirable:

• Knowledge of Agresso finance system or any other automated financial system
• Good written & oral English proficiency 
• Excellent MS Office and power point presentation 

Application Closing Date
25th September, 2023 (11:22 AM).

Method of Application
Interested and qualified candidates should:
Click here to apply online